InAddition Bookkeeping Solutions

14/07/2024

Need help navigating the new award pay rises? Reach out to us on 0409994215 or [email protected]

🎊New financial year… new minimum award rates from 1 July!

Over the next few weeks, we’ll be posting pay rates for different awards as part of our know your bare minimums series.

First up, the Fast Food Award 🍔🍕🍟
The Fast Food Award covers employers and employees in the fast food industry, which includes taking orders for, preparing, selling and delivering fast food (mainly take-away).

Check your new minimum rates with our Pay Calculator: https://calculate.fairwork.gov.au/findyouraward

17/10/2023

Happy spreadsheet day. Do you love spreadsheets as much as we do? If not, get in touch with us and see how we can help you.

0409 994 215 or [email protected]

commemorates the date that VisiCalc, the first program for personal computers, was released for the Apple II on October 17th, 1979. 🍏💾
Since its beginnings, Spreadsheet Day has grown to become a day for celebrating both the advantages and the aggravations of working with spreadsheet software. 🧑‍💻

How often do you use spreadsheets?

01/10/2023

We are very exicted to announce that we are now a CPA Public Practice.

Public Practice Certificate holders must abide by the CPA Australia Constitution, By-Laws, technical standards, Code of Professional Conduct (APES 110) and any laws, statutes, regulations, ordinances, codes, standards and requirements of any government or semi-government body and policies which apply to a member providing
public accounting services.

In addition, Public Practice Cetificate holder must:
- Meet fit and proper requirements
- Have a compliant practice structure
- Meet professional standards legislation (PSL) requirements
- Meet professional indemnity (PI) insurance requirements
- Participate in the Quality Review Program
- Undertake continuing professional development (CPD)
- Comply with anti-money laundering (AML) reporting requirements

Contact us on 0409 994 215 or [email protected] to see how we can help you.

01/10/2023

We are now a Xero Bronze Partner!

11/06/2023

Bookkeepers can play an essential role in helping Australian small business owners build resilience in several ways:
- Accurate financial reporting: Bookkeepers can provide small business owners with accurate financial statements, allowing them to make informed decisions about their business. This can help businesses identify areas of strength and weakness and make adjustments as needed.
- Cash flow management: Bookkeepers can assist small businesses in managing their cash flow by forecasting cash needs, managing receivables and payables, and identifying opportunities to improve cash flow.
- Budgeting and forecasting: Bookkeepers can help small businesses develop and monitor budgets and forecasts to ensure they are on track to meet their financial goals.
- Tax compliance: Bookkeepers can help small businesses stay compliant with tax regulations, avoiding penalties and fines that could impact their cash flow and financial stability.
- Technology adoption: Bookkeepers can recommend and implement technology solutions that streamline financial processes, improving efficiency and accuracy.
- Business planning: Bookkeepers can work with small business owners to develop and implement business plans, helping them set goals and establish strategies to achieve those goals.

Get in touch with us today to build your organisation’s resilience. Contact Sharon on 0409 994 215 or [email protected]

Building resilience is key to small business owners💪🏼

Owning a business can come with tremendous rewards, but the road to success is often rocky. Economic downturns, market disruptions, and increased competition are just a few challenges small businesses face. That's why learning to adapt and bounce back from adversity is crucial.

Resilience is a skill that can be developed over time. And with the help of a bookkeeper, Australian small business owners can learn essential strategies to build resilience and maintain long-term goals!

Learn more via link below:
https://www.icb.org.au/s/news/business-resilience-stop-making-excuses-MCIU662PFG5JDUVPAEIA7K4S2NN4

07/06/2023

Sharon is now Xero payroll certified. Contact us on 0409 994 215 or [email protected] to see how we can assist you with your payroll.

28/05/2023

Sharon is now a Xero Certified Advisor. Contact us on 0409 994 215 or [email protected] for all your Xero needs.

16/05/2023

Employers: We know things don’t always go to plan. If you missed the due date, you need to quickly turn it around and get back on track.

If you didn’t pay your employees the right amount of super, paid after 28 April, or to the wrong fund, you’ll need to:

💻 lodge a super guarantee charge (SGC) statement
💰 pay the SGC to us by 28 May.

Don’t forget – there's a penalty if you don’t do this, and it can be up to 200% of the SGC!

To learn more, head over to www.ato.gov.au/lateSG

13/05/2023

Happy Mothers Day to all Mums, Nans, Aunts, Carers
We hope you all have a fantastic day and get spoilt.💐🍫💙

09/05/2023

What is a BAS Agent?
A BAS Agent is a fully licenced and registered professional, of the Tax Practitioners Board, who assists with BAS services.

What does a BAS Agent do?
A BAS Agent can advise a client, provide various levels of information and/or can represent a client to the Australian Taxation Office in relation to a range of BAS services. These include:
∞ GST
∞ Payroll, including the withholding of tax amounts and associated reporting requirements
∞ Other PAYG withholding amounts such as no ABN, interest & dividend
∞ Payment of income tax via PAYG instalments
∞ Wine tax, fuel tax, and luxury car tax
∞ Fringe benefits tax (FBT) payments
∞ Taxable payments annual reporting system
∞ The superannuation guarantee system

BAS Agents can also assist with the design, setup and implementation of business compliance systems, advise how various relevant areas of law affect them and review client operations in this regard to ensure compliance.

InAddition Bookkeeping Solutions is a registered BAS agent. Contact us today for your BAS needs on 0409 994 215 or [email protected]